Recap: SLM Q2 Earnings

Shares of SLM SLM moved lower by 1.41% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 170.97% over the past year to ($0.22), which missed the estimate of $0.11.

Revenue of $348,775,000 decreased by 12.12% from the same period last year, which beat the estimate of $345,860,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

SLM hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $12.32

52-week low: $5.60

Price action over last quarter: down 0.97%

Company Profile

SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs. Created as a government-sponsored enterprise in 1972, Sallie Mae cut the last of its official ties with the government in 2004.